Bitcoin Market Awaits Friday Jobs Report Amid ETF Inflow Slowdown
U.S. spot Bitcoin ETF inflows have slowed significantly, dropping from nearly $1 billion daily to $31 million, signaling a cooling in institutional demand. CryptoQuant analyst JA Maartun noted that short-term holders have moved 45,000 BTC to exchanges, increasing potential sell-side pressure. While macro headwinds persist, market sentiment remains focused on the upcoming October 2nd Non-Farm Payroll report. If the data confirms a weakening labor market, it may support a Federal Reserve rate pause, potentially boosting risk assets like Bitcoin. Despite recent price pullbacks, options traders are betting on a rally toward $90,000 and $95,000.
Summaries are written by AI from the original article. Not investment advice.